Case Law Analysis
|Income Tax Appellate Tribunal
Section 69A IT Act | ITAT Delhi Reduces Unexplained Cash Deposit Addition to 5% Where Partial Source Established : ITAT Delhi
ITAT Delhi sets a precedent by limiting unexplained cash deposit additions to 5% under Section 69A IT Act when the assessee partially substantiates the source. The ruling mandates proportionate assessment, offering relief to taxpayers facing arbitrary additions on unverified deposits.